THE US CANOLA ASSOCIATION

EIN: 521661937

WASHINGTON, DC

Total Revenue
$481,932
Total Expenses
$465,528
Total Assets
$383,358
Net Assets
$383,358
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
DC
Principal Officer
TOM HANCE
Phone
2029698113
Tax Period
2024-04-01 to 2025-03-31

THE US CANOLA ASSOCIATION, founded in 1989, is a small nonprofit that reported $482K in total revenue in fiscal year 2024. Expenses of $466K left a modest 3% surplus.

Mission

MEMBER ASSISTANCE IN INITIATING AND DESIGNING PROGRAMS TO FOSTER AND DEVELOP THE CANOLA AND RAPESEED INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $465,528 Revenue: $481,932

PROGRAM SERVICES PROVIDE THE MEMBERSHIP WITH THE FACILITY TO PROMOTE AND ENCOURAGE THE ESTABLISHMENT AND MAINTENANCE OF CONDITIONS FAVORABLE TO THE PRODUCTION, MARKETING, PROCESSING & USE OF CANOLA &...

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PROGRAM SERVICES PROVIDE THE MEMBERSHIP WITH THE FACILITY TO PROMOTE AND ENCOURAGE THE ESTABLISHMENT AND MAINTENANCE OF CONDITIONS FAVORABLE TO THE PRODUCTION, MARKETING, PROCESSING & USE OF CANOLA & OTHER VARIOUS RAPESEED IN THE UNITED STATES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $471,165
Investment Income $0
Other Revenue $10,767
TOTAL REVENUE $481,932

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $465,528
Other Expenses $465,528
TOTAL EXPENSES $465,528

Year-over-Year Comparison

2024 2023 Change
Revenue $481,932 $492,817 0.0%
Expenses $465,528 $437,583 +0.1%
Net Income $16,404 $55,234 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
24
Independent Members
17
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM MICKELSON PRESIDENT 0.00
Officer Director
$0 $0 $0
DALE FLIKKEMA 1ST VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
JEFF MORTENSON 2ND VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
MATT REKEWEG TREASURER 0.00
Officer Director
$0 $0 $0
ANDREW MOORE EXECUTIVE COMMITTEE 0.00
Director
$0 $0 $0
MARK HANSON EXECUTIVE COMMITTEE 0.00
Director
$0 $0 $0
BOONE MCAFEE EXECUTIVE COMMITTEE 0.00
Director
$0 $0 $0
MIKE BREKHUS DIRECTOR 0.00
Director
$0 $0 $0
PETE BOWERMAN DIRECTOR 0.00
Director
$0 $0 $0
RAYMOND MOSMAN DIRECTOR 0.00
Director
$0 $0 $0
ANNA SCHARF DIRECTOR 0.00
Director
$0 $0 $0
DANIEL STENBAKKEN DIRECTOR 0.00
Director
$0 $0 $0
JORDAN BARRY DIRECTOR 0.00
Director
$0 $0 $0
BRIAN CALDBECK DIRECTOR 0.00
Director
$0 $0 $0
KAREN EIFERT JONES DIRECTOR 0.00
Director
$0 $0 $0
MIKE HILKER DIRECTOR 0.00
Director
$0 $0 $0
JEFF PORTER DIRECTOR 0.00
Director
$0 $0 $0
CLINT MUNRO DIRECTOR 0.00
Director
$0 $0 $0
KEITH HORTON DIRECTOR 0.00
Director
$0 $0 $0
MICK MILLER DIRECTOR 0.00
Director
$0 $0 $0
NORM SISSONS DIRECTOR 0.00
Director
$0 $0 $0
JASMINE SCOTT DIRECTOR 0.00
Director
$0 $0 $0
ANDY SMITH DIRECTOR 0.00
Director
$0 $0 $0
TASSO SIDERIS DIRECTOR 0.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2026 No data No data No data No data
2025 $481,932 $465,528 $383,358 $16,404
2024 $492,817 $437,583 $366,954 $55,234
2023 $392,578 $430,758 $311,720 $-38,180
2022 $399,710 $351,508 $349,900 $48,202
2021 $392,176 $305,297 $301,698 $86,879
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